semmy

Why might I fail a credit check?

Failed a credit check for a phone. I'm quite surprised. Is there any way I can find out why?

Most Useful Answer pasheast  Sep. 20, 2011 at 22:57

You can ask for a copy of your credit record from either or each of the three main consumer credit reference agencies: Callcredit, Equifax and Experian for £2 each. Details here: http://www.ico.gov.uk/for_the_public/topic_specific_guides/credit.aspx If you went for an exceptionally good phone deal with carphonewharehouse or one of their subsidiaries (e2save, mobilesco.uk) through quidco then that may be the problem. They don't appear to like having to pay out an additional £30 or so on a narrow profit margin deal.

Add a comment
12 comments

matt101101 / MOD  Sep. 20, 2011 at 14:47

Ring the network and ask, or speak to your bank about your credit rating...

Treab  Sep. 20, 2011 at 15:07

could be a simple mistake or have you ever had a contract or credit card before? sometimes being good and never having credit can make you a risk as an unknown..

matt101101 / MOD  Sep. 20, 2011 at 15:09

Bit like car insurance, it'll be bloody expensive when you're a new driver, even though you've never had a crash in your life.

Treab  Sep. 20, 2011 at 15:12

well said. i remember when top gear did that 17 year old challenge and tried to buy a car and insure it for 2,500.. they had a list of 4 cars... they found a bmw for 500 and the insurance was 5 grand lol

matt101101 / MOD  Sep. 20, 2011 at 15:21

Car insurance for young drivers is a joke, like you said 5k in insurance costs for a car worth as much as my phone...it's ridiculous.

Treab  Sep. 20, 2011 at 15:24

their was a story of a 17 year old who got a quote of 36,000 lol its supposed to say they couldnt cover him but the system failed and released that quote lol

matt101101 / MOD  Sep. 20, 2011 at 15:30

That doesn't surprise me at all. My little sister got a quote on my mum's Fiesta (as she still lives at home), and that was over 2k...for a girl...on a fiesta...it's fu*king crazy IMO.

Treab  Sep. 20, 2011 at 15:31

http://menmedia.co.uk/manchestereveningnews/news/s/1411417_student_17_quoted_33000_for_insuring_sixyearold_corsa_he_bought_for_3000

heres a fab story... 17 yr old bought a 3000 corsa... top 2 quotes.. 31,800 and 33,000 at the AA lol

matt101101 / MOD  Sep. 20, 2011 at 15:47

Pathetic, from December 2012 insurers can no longer charge more/less based on gender. So hopefully premiums will come down for young male drivers. Having been a young male driver once, I know the pain of emptying your wallet into your car :(.

Stelph  Sep. 20, 2011 at 16:52

@Matt101101 - Erm, do you honestly think that the Insurance companies, now they have been told they have to match male and female policies in prices, will choose to drop the price of the male insurance as opposed to just raise the price of the female insurance? Seems similar to the govenment telling Universities they can charge any amount of fees up to a certain level, naively assuming the Uni's will charge less than the maximum allowed, that worked out well didnt it....

MDrX  Sep. 20, 2011 at 17:47

Isn't car insurance calculated on the risk of you crashing into other people rather than the damage you're likely to do to your own car? You can buy a car for £200.. That means it is old, crap, the brakes don't work and your average testosterone-fuelled 18-year old, who is now legally allowed to drink, is going to thrash the living crap out of it. On a bend. At night. In a storm. When a Veyron is coming the other way.

It is right that insurance costs x amount more than your car is worth. Your car is insignificant here UNLESS it is recent which almost guarantees good lights, breaks and air bags and it feels like a cushion stuffed with Andrex puppies when you mow down a row of pedestrians. It is wrong, though, that they charge so much. Even more wrong is that they can get away with charging so much and leave the po-po wondering why thousands of people are driving around without insurance.

I know when I bought my first car the difference between an 80bhp 1.2 litre engine and a 160bhp 2 litre fun-mobile was £40. Hmm..

Anyway... On topic.. If you don't have much luck with your bank and it wasn't a mistake then try Experian or something like that.

pasheast  Sep. 20, 2011 at 22:57

You can ask for a copy of your credit record from either or each of the three main consumer credit reference agencies: Callcredit, Equifax and Experian for £2 each. Details here: http://www.ico.gov.uk/for_the_public/topic_specific_guides/credit.aspx If you went for an exceptionally good phone deal with carphonewharehouse or one of their subsidiaries (e2save, mobilesco.uk) through quidco then that may be the problem. They don't appear to like having to pay out an additional £30 or so on a narrow profit margin deal.

Email:

You don't need an account to comment. Just enter your email address. We'll keep it private.

Comment: